Canuck-One wrote:Yes Fred I do think there is a long list of Billionaires waiting to be owners. Hell in Vancouver alone we had two groups fighting each other to be the Canucks owner. The owner of RIM fought the league for years to get in on the gravy. Tell me do you think there are no more rich people who want in...
If they did want in badly enough there's a list of failing teams only too happy to get the Hell out with the clothes on their backs. RIM ( what's left of it ) was to big for his britches ( foolish man... as can be seen in their current plight ) and insulted the board of guvernors....they in turn told him where to poke it. It was a who has the biggest exercise and the one that held all the cards won ....there's a surpise Right now Phx has been on the market for at least 3 years and no takers, heck the current perspective buyer can't find a partner to anti up $20 million to conclude the deal ...that says a lot. How many teams have owners sold in recent years. If there's a big turn over it's bad sign. How many owners have gotten out of the NFL...few... that's a good sign. I was surprised recently when Manchester United after thoughts of making their IPO at $19 ended up at $14. There's no appetite today for risky investment. Plus the league does have reputation for attracting shady characters who I certainly wouldn't want to rub shoulders with
Billionaires are just that because they don't get sucked into bad deal, hello Warren Buffet !
The Ontario teachers pension fund wants out of the Leafs and that's the best franchise in the league!!!, a license to print money. So may i ask if they're making that much why do they want out ? answer they can do better else where